#BTC再创新高97k
When the BTC price soared to 91,000, the total market value of the entire cryptocurrency market was 3.363 trillion.
But when it shot up to 97,000, the total market value decreased by 100 billion, becoming 3.3244 trillion. What does this indicate?
This indicates that around the time BTC was around 90,000, a lot of funds quietly withdrew. Now that BTC is rising so sharply, it’s actually robbing money from small coins. If BTC continues to rise like this, small coins will keep falling because the funds have all gone after BTC, leaving small coins without support.
In this bull market, everyone is dumbfounded, wondering why only BTC is rising while other coins are as still as wood. Those who bought small coins at a high price must be feeling uneasy now. If the funds from BTC have run away and haven’t gone to small coins, then this wave of the bull market has nothing to do with small coins; they didn’t benefit when they were rising, and when they fall, none can escape.
That’s why I’ve been nagging for the past few days that if small coins are priced high, you must quickly reduce your holdings, at least set a moving stop-loss to preserve some profits.
Moreover, with already 100 billion in funds having run away, even if BTC doesn’t rise anymore, whether small coins can reach new highs is really uncertain.
Tomorrow and the day after tomorrow is the weekend, whether small coins can have a final frenzy depends on these two days.
If you want to accurately seize the timing to enter the market, click on my profile and follow me to get information and in-depth analysis at the first time!
This wave of adjustment will refine true gold; find a strong coin with a strong backing that is rising against the trend, and the next wave of high multiple targets will depend on its performance! Like and comment, once it reaches 88 I’ll announce!
